American Battery Technology Company (NASDAQ:ABAT), Stock Drops -77.48% Far This Year; What Analysts Say Next?

In last trading session, American Battery Technology Company (NASDAQ:ABAT) saw 0.34 million shares changing hands with its beta currently measuring 1.85. Company’s recent per share price level of $0.97 trading at $0.02 or 1.20% at ring of the bell on the day assigns it a market valuation of $71.99M. That closing price of ABAT’s stock is at a discount of -564.95% from its 52-week high price of $6.45 and is indicating a premium of 24.74% from its 52-week low price of $0.73. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.81 million shares which gives us an average trading volume of 630.96K if we extend that period to 3-months.

American Battery Technology Company (NASDAQ:ABAT) trade information

Upright in the green during last session for gaining 1.20%, in the last five days ABAT remained trading in the green while hitting it’s week-highest on Monday, 11/25/24 when the stock touched $0.97 price level, adding 6.73% to its value on the day. American Battery Technology Company’s shares saw a change of -79.40% in year-to-date performance and have moved 27.11% in past 5-day. American Battery Technology Company (NASDAQ:ABAT) showed a performance of -3.40% in past 30-days. Number of shares sold short was 6.14 million shares which calculate 14.57 days to cover the short interests.

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Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -55.75% during past 5 years.

American Battery Technology Company (NASDAQ:ABAT)’s Major holders

Insiders are in possession of 5.76% of company’s total shares while institution are holding 7.41 percent of that, with stock having share float percentage of 7.86%. Investors also watch the number of corporate investors in a company very closely, which is 7.41% institutions for American Battery Technology Company that are currently holding shares of the company.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 1.7 shares of worth $1.59 million or 0.25% of the total outstanding shares. The later fund manager was in possession of 755.36 shares on Jun 30, 2024 , making its stake of worth around $0.7 million in the company or a holder of 0.11% of company’s stock.